Farallon to Announce Second Quarter Results on August 12, 2009

                Conference Call to be held on August 13, 2009

    VANCOUVER, Aug. 7 /CNW/ - Farallon Mining will release its second quarter
2009 results after market close on Wednesday August 12, 2009. A conference
call and webcast will be held by management on Thursday August 13, 2009 at
8:00 AM Pacific Time (11:00 AM Eastern Time) to further discuss the results
for the quarter.
    The conference call can be accessed by telephone at the following numbers
(416)644-3422 or the toll-free number (800)590-1817. A live webcast will also
be available at www.farallonmining.com. The replay of the conference call will
be on the website after the call is completed.
    Farallon's G-9 zinc, copper, silver, gold and lead mine at the Campo
Morado Property in Mexico reached commercial production in April 2009. The
Company is targeting to produce at an annualized production rate of 120
million pounds of zinc and 15 million pounds of copper per year.

    J.R.H. (Dick) Whittington
    President & CEO

    No regulatory authority has approved or disapproved the information
    contained in this news release

    Forward Looking Information

    This release includes certain statements that may be deemed
"forward-looking statements." All statements in this release, other than
statements of historical facts, that address future production, reserve or
resource potential, continuity of mineralization, exploration drilling,
operational activities, production rates, costs to completion and events or
developments that the Company expects are forward-looking statements. Although
the Company believes that the expectations expressed in such forward looking
statements are based on reasonable assumptions, such statements are not
guarantees of future performance and actual results or developments may differ
materially from those in the forward looking statements and may require
achievement of a number of operational, technical, economic, financial and
legal objectives. The likelihood of continued future mining at Campo Morado is
subject to a large number of risks, including obtaining lower than expected
grades and quantities of mineralization and resources, lower than expected
mill recovery rates and mining rates, changes in and the effect of government
policies with respect to mineral exploration and exploitation, the possibility
of local disputes including blockades of the company's property, the
possibility of adverse developments in the financial markets generally,
fluctuations in the prices of zinc, gold, silver, copper and lead, obtaining
additional mining and construction permits, preparation of all necessary
engineering for ongoing underground and processing facilities as well as
receipt of additional financing to fund mine construction, development and
operation, if needed. Such funding may not be available to the Company on
acceptable terms or on any terms at all. There is no known ore at Campo Morado
and there is no assurance that the mineralization at Campo Morado will ever be
classified as ore. For more information on the Company and the risk factors
inherent in its business, investors should review the Company's Annual
Information Form at www.sedar.com.

For further information:

For further information: For further details on Farallon Mining Ltd.,
please visit the Company's website at www.farallonmining.com or contact Neil
MacRae, Investor Relations Manager, at (604) 638-2160 or within North America
at 1-800-667-2114.

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Farallon Mining Ltd.

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